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Question
Mona, an accountant, prepares for NuTech Corporation a financial statement that omits a material fact. The financial statement is included in NuTech's registration statement, which Pam reads. Pam buys NuTech stock. Under Section 11 of the Securities Act of 1933, for Mona to be liable for the omission, Pam must showa. only that Pam relied on the omission.
b. only that Pam suffered a loss on the stock.
c. that Pam relied on the omission and suffered a loss on the stock.
d. none of the above.
Answer
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